134 Ashman St - Restaurant FOR SALE


Midland, MI 48640
$999,000 USD
989-274-1709
134 Ashman St, Midland, MI for Sale
$999,000 USD
Restaurant - FOR SALE
1/50
null | Request Cap Rate

134 Ashman St
Midland, MI 48640


HIGHLIGHTS

  • Great location to invest in retail space or to take over existing restaurant business

OVERVIEW

Discover an exceptional opportunity in downtown Midland with this prime property featuring a thriving fine dining restaurant and two fully furnished, remodeled apartments upstairs. Spanning 5350 square feet, the building includes 2700 square feet dedicated to the restaurant space.Key Features:* Restaurant: A successful fine dining establishment with a loyal customer base, fully equipped kitchen, and a dining area that exudes elegance and comfort.* Apartments: Two fully furnished and remodeled apartments upstairs, offering additional income potential or personal use. Each apartment includes modern amenities and access to a private rooftop patio.* Assets Included: The sale includes a valuable liquor license, established recipes, and high-quality kitchen equipment, allowing for a seamless transition of ownership.* Location: Situated in downtown Midland, a bustling area known for its vibrant atmosphere and steady foot traffic, ensuring visibility and accessibility for patrons. Whether you're looking to continue the tradition of fine dining excellence or pursue your dream business venture, this property provides the ideal foundation. With its prime location, comprehensive amenities, and established business, it's a rare opportunity in the heart of Midland's commercial district. BUSINESS ONLY AVAILABLE FOR $350,000- Seize the opportunity to own a thriving fine dining restaurant renowned for its exquisite cuisine and exceptional service. This established gem boasts a loyal clientele and a stellar reputation, making it a prime investment for aspiring restaurateurs or seasoned professionals. Key Features:Bustling area with high foot traffic and visibility, attracting both locals and tourists. Fully Equipped: All inventory, state-of-the-art kitchen equipment, elegant furnishings, and tasteful decor included, allowing for a seamless transition. Signature Recipes: Benefit from a curated collection of exclusive recipes that have garnered rave reviews and repeat business. Ambiance: The restaurant offers a sophisticated yet inviting atmosphere, perfect for special occasions or casual dining alike. Strong Financials: Solid revenue streams with consistent growth year over year, making this a sound investment. This is more than just a restaurant; it’s a legacy waiting for the right owner to take it to the next level.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,675 SF

ZONING

Commercial/ Mixed Use

APN/PARCEL ID

14-16-50-446

ASK ABOUT THIS PROPERTY

Carrie PostmaRe/Max Of MidlandMore Info
989-274-1709

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Carrie PostmaRe/Max Of MidlandMore Info
989-274-1709

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.